07/09/2019
Luxembourg Register Of Beneficial Owners - D-2 Months !
Luxembourg existing entities now have until 1 September 2019 (at the latest!) to compile their Internal File on BOs and to register the relevant information with the RBE.
Regulation, Risk & Compliance
07/09/2019
HSBC Expat league table highlights Channel Islands benefits
The island also rated well for families – 59% of people said it was easier for their children to make friends and 55% believed their children had become more adaptable to change from the experience.
07/09/2019
UAE Introduces Mandatory Country By Country Reporting Article by Grant Thornton
In 2018, Organization of Economic Development ('OECD'), announced that the UAE has become a member of the Base Erosion Profit Shifting inclusive framework ('BEPS IF').
07/09/2019
VIDEO: Bahamas set for new investment fund options
He also talks about forthcoming proposals that he believes will further boost the use investment funds in the region.
07/09/2019
Ed receives regulatory approval and begins operations in Bermuda
Opening in Bermuda underpins Ed’s commitment to existing and potential clients, particularly in the US, Canada, and the Caribbean, and will form an important component of parent BGC Insurance Group’s global insurance services offering.
07/08/2019
Satabank fined a record €3 million over money laundering breaches
Satabank continues to operate under close supervision
07/05/2019
Transformation of the way in which investment managers and advisors are regulated in the Cayman Islands
The changes further demonstrate the Cayman Islands Government’s commitment to having a regulated securities investment
07/05/2019
St Kitts and Nevis Exceeds Economic Target 12 Years Earlier Than Expected
This makes the country the first ECCU state to reach its target and continue to surpass it steadily.
07/05/2019
UK central to Cayman’s success, says premier
There are several ongoing challenges in Cayman’s relationship with the UK, namely the imposition of public beneficial ownership registries before it becomes a global standard
07/05/2019
BVI Companies – A Flexible Vehicle For Succession Planning
The inherent flexibility of BVI business companies as corporate vehicles together with some carefully thought out provisions in the company's M&A can ensure the smooth transition of the company's management and control following the death of
07/04/2019
Central Bank of Ireland Revamps the Regulatory Framework for Irish UCITS
The Central Bank of Ireland (the "Central Bank") has completed the update of the statutory instrument that forms the basis for the Irish regulatory framework for UCITS.
07/04/2019
BVI open to "alternative" relationship with the UK
Special envoy for the government Benito Wheatley mentioned considerations for free association while addressing the United Nation's Special Committee on Decolonization (C-24) in New York .
07/04/2019
Bahamian trusts and foundations revisited
Largely, IFCs have responded by legislating to require corporate entities existing under their laws to have economic substance within their respective jurisdictions, to remove any preferential tax treatment non-resident owned entities may receive and to c
07/04/2019
Cayman Islands: Cayman Islands Economic Substance Legislation
Cayman Islands entities existing prior to 1 January 2019, which are subject to the Regime, will need to comply by 1 July 2019, and newly established entities will need to comply as soon as they commence any Relevant Activity.
07/04/2019
Jersey issues finance and legal GVA 2018 report
The report covers banks, fund managers, trust administration, accountancy and legal firms.
07/04/2019
JFSC publishes 2018 Annual Report
Jersey has 963 regulated collective investment funds
07/04/2019
Register of beneficial owners deadline approaching – are you ready?
Technical aspects of the functioning of the RBE, such as the submission procedure, tariffs, supporting documents etc have been detailed by a Grand-ducal Regulation and further elaborated by a circular letter issued by the LBR.
07/04/2019
Schemes of Arrangement in Jersey and Guernsey: new case law paving the way
Guernsey and Jersey law for Schemes closely follows the UK
07/04/2019
The Crown Dependencies define approach to publishing data on corporate owners
The proposed approach is underpinned by the understanding that the EU’s member states and the UK will provide similar levels of transparency of a quality akin to that which the CDs will deliver.
07/04/2019
Mauritius to green light offshore funds in 60 days
"If the authorities find that it is not in Mauritius, then the entity is not a tax resident at all, and if it's not a tax resident, then the treaty benefits it gets with other countries will not be available to it," experts said.